Technical Outlook – Technical Outlook: In our last Gold Weekly Technical Outlook, we continued to highlight a critical resistance confluence at $1238/1243, “a region defined by the 38.2% retracement of the yearly range, the 100% extension of the advance off the August low, the December swing low and the long 200-week moving average.” Price is testing this zone now and a weekly close above is needed to keep the immediate long-bias viable.
Gold Prices Slip Further But Still Near 6-Year High
New Delhi: Falling for the second straight day, gold prices on Saturday edged lower by Rs 40 to Rs 32,550 per 10 grams at the bullion market amid tepid demand from local jewellers and a weak trend overseas. But gold prices still remained near six-year high levels.
Dhanteras 2018: जानिये कब है धनतेरस, क्या है पूजन और खरीददारी का शुभ मुहूर्त
Dhanteras 2018: दिवाली से ठीक दो दिन पूर्व धनतेरस का त्योहार मनाया जाता है. दरअसल, ऐसी मान्यता है कि धनतेरस के दिन यानी धनत्रयोदशी के दिन भगवान धनवंतरी का जन्म हुआ था. तभी से धनत्रयोदशी के दिन को धनतेरस के रूप में मनाया जाने लगा और इस दिन को धन तेरस के रूप में पूजा जाता है. इस बार धनतेरस 5 नवंबर को है.
Gold Higher, Yen Outperforms as Risk Appetite Struggles
Yesterday’s broad dollar strength played out to drag on gold, but the recent mini range that has formed above the old $1217 pivot and below $1233 continues to play out. Within this range the market moves are simply noise, with the last six closes all being within $5 of each other.
Commodities Weekly Forecast 22-10-18 To 26-10-18 – Neal Bhai Reports
Commodities Weekly Research Report
Dated: 22-10-2018 To 26-10-2018
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